Archives for Financial crisis

This story about pension reforms was published on 14th December 2010 by EurActiv. The European Commission confirmed yesterday (13 December) it had reached an agreement with Poland on giving countries that have reformed their pension systems more leeway over fiscal policy. In the meantime, the parliament in Budapest voted to effectively dismantle pension reform. The… » read more

This story about inconclusive Euro talks was published on 8th December 2010. The head of the IMF criticised the EU’s piecemeal approach to rescuing the euro currency from contagion as ministerial talks in Brussels yesterday (7 December) gave no succour to countries with worsening sovereign debt problems. IMF Managing Director Dominique Strauss-Kahn failed to persuade… » read more

This story about a bailout of the Irish economy was published by EurActiv on 29th November 2010. The EU approved an 85 billion euro rescue for Ireland on Sunday (28 November) and outlined a permanent system to resolve Europe’s debt crisis, but market pressure is expected to return soon on most indebted nations such as… » read more

This story about the European Parliament and the 2011 budget was published by EurActiv on 24th November 2010. The European Parliament is sticking to its guns by insisting on including in the 2011 EU budget “political commitments” which were recently rejected by the UK and the Netherlands, it emerged after a debate held on the… » read more

This story about bailout talks in Dublin was published by EurActiv on 18th November 2010. A team from the European Commission, the International Monetary Fund and European Central Bank are en route to Dublin this morning to assess help for Ireland’s struggling banking sector and decide whether an EU loan is needed to shore up… » read more

This story about a permanent crisis resolution fund was published by EurActiv on 27th October 2010. European Union heads of state will start discussions this week on a permanent crisis resolution mechanism amid persistent calls from Germany to introduce an orderly sovereign default procedure following the Greek debt crisis. EU leaders are meeting in Brussels… » read more

This story about cross-border bank insolvencies was published by EurActiv on 19th October 2010. Failing cross-border banks might see themselves under the thumb of pan-European resolution authorities, if an EU proposal on crisis management, due for publication tomorrow (20 October), becomes a reality. European Union policymakers want large cross-border banks to comply with EU rules… » read more

This story about the proposed hedge fund regulations was published by EurActiv on 29th September 2010. Just as talks on new regulations for alternative investment funds seemed close to the finish line, a French attempt to concentrate more regulatory power in Paris has thrown a spanner in the works. France will propose that a new… » read more

This story about the rejection of the EU bank rescue plan was published by EurActiv on 8th September 2010. EU economy ministers and the European Commission differ on how to rescue defaulting banks in the future, as ministers in favour of a bank levy yesterday (7 September) rejected the idea of putting the fiscal proceeds… » read more

This story about EU banking watchdogs was published by EurActiv on 3rd September 2010. EU negotiators reached agreement yesterday (2 September) on a package of measures to beef up supervision of the bloc’s banks, giving new EU watchdogs a mandate to overrule national authorities and ban risky financial products that were widely blamed for the… » read more